Currency devaluations hurt developing countries' export competitiveness, study finds.
The article looks at how exchange rate changes affect developing countries. It shows that major currency shifts have made it harder for these countries to compete in exporting goods. Even though prices have gone up due to currency depreciation, it hasn't fully offset the impact. This means that most of the currency depreciation has led to higher prices in these countries. The study suggests that policymakers in developing countries need to consider these effects when making decisions.